Filter Posts

Reset
Found 79 Results

Indian Export Promotion Schemes Should be in-line with WTO Norms

Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. At present there are multiple export promotion schemes as per FTP – 2015-20, as shown below, but none...

Read More
Posted Under: DGFT |

All about Import Export Code (IEC) registration

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. Without IEC no person is allowed to export or import goods. Certain category of importers and e...

Read More
Posted Under: DGFT |

TMA scheme – An initiative to boost agriculture / food exports

Transport and Marketing Assistance (TMA) scheme for specified agriculture products aims to provide assistance for the international component of freight and marketing of agricultural produce. #Eligible persons All Exporters, duly registered with relevant Export Promotion Councils as per Foreign Trade Policy, of eligible agriculture produc...

Read More
Posted Under: DGFT |

New Export incentive scheme- RoSCTL– Need of an hour!

In wake of complaints filed by USA against India to discontinue export incentive scheme (like MEIS), which is not in compliance with WTO guidelines, Commerce ministry has proposed new scheme- Rebate of State & Central Taxes and Levies Scheme (RoSCTL). Currently this scheme is available for Textile industry, however, it would be soon e...

Read More
Posted Under: DGFT |

How to apply Importer and Exporter Code in 8 Simple Steps

Any person who wants to import or export any goods needs to first acquire an Importer and Exporter code (IEC) before importing or exporting such goods. IEC is issued by Directorate General of Foreign Trade (DGFT) and can be applied online by following this simple procedure. 1. Visit https://dgft.gov.in/ 2. Click on Services 3. In [&hellip...

Read More
Posted Under: DGFT |

MEIS: Eligibility on Export From SEZ/EOU Unit on behalf of DTA Unit

DGFT clarified that the export which are made/have been made directly from SEZ/EOU unit to Foreign Consumer on whose behalf of DTA unit wherein export documents are prepared and field at the customs office of the concerned SEZ/EOU unit, mentioning the name of SEZ/EOU unit along with the name of DTA unit on whose behalf export are made, wo...

Read More
Posted Under: DGFT |

Brief Guide For Export Business In India

If you are planning to start export business or already running export business, then you should know the procedures to set up or grow your export business in India. The Exporter needed to do following things for setting the desired export business in India. 1. Formation of Business Entity: The exporter of India can form […]...

Read More
Posted Under: DGFT |

SEIS under FTP

The benefit under the SEIS is admissible on Mode 1 and Mode 2 services. Major services covered would include Legal, Accounting, Architectural, Engineering, Educational, Hospital services, Hotels and restaurants and other business services....

Read More
Posted Under: DGFT |

India Needs to Fundamentally Alter its Export Strategy

All the Export Promotion Schemes of Foreign Trade Policy are designed with theme of Import led Export Growth. With this falls placed hypothesis more and more Imports are encouraged with liberally imposed export obligation. As a net the benefits are imaginary but puncturing huge hole into the Exchequer and also killing the Domestic Industr...

Read More
Posted Under: DGFT |

Advisory for Simplified Auto Registration at ICEGATE

In a bid to simplify auto registration for the IEC holders, the Central Board of Indirect Taxes and Customs ( CBIC ) has informed that the IEC holders can register with the Goods and Services Tax Identification Number (GSTIN). It was said that no Digital Signature is required for the same. The facility is now […]...

Read More
Posted Under: DGFT |